Datadog price target raised to $100 from $87 at Baird

Baird analyst William Power raised the firm’s price target on Datadog to $100 from $87 and keeps an Outperform rating on the shares. The firm said the company raised profitability guidance and noted better trends in July, including signs of stabilizing optimization, though that’s not reflected in guidance. While disappointed in the revenue cut, Baird remains positive on the long-term position, including strong margins and cash flow.